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Denise Apuzzo - Gavilan College

Financial Aid Office

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College Affordability: Average Cost of Higher

Education (per year)

• CSU- ($13,000 -- $23,000)

• UC- ($24,000 -- $29,000)

• Private Schools- ($25,000 -- $60,000)

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Student Financial Need

• Cost of Attendance: College Budget per year (education, housing, transportation, & personal).

• Estimated Family Contribution: Based on federal formula.

Cost of Attendance- Expected Family Contribution

_____________________________

= Financial Need

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• GRANTS (Free Money)– Federal Pell Grant– State Cal Grant– State University Grant at CSU - Priority is given to

undergraduate students who have an EFC between 0-1000.

• FEE WAIVERS: The Cal Vet Tuition Fee Waiver: Veteran Dependents waives mandatory system-wide tuition at CSU or UC in lieu of other state aid.

• SCHOLARSHIPS (Free Money)

• LOANS (must be paid back)

Types of Financial Aid

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Scholarships

• Merit or Need based scholarships (academic performance or financial need)

• Deadlines will vary

• Application Process: Application, personal statement, letter of recommendation, and official transcripts. Final interview may apply.

Scholarships

• Researching Scholarship Opportunities:– EdFund Brochure - websites (Fastweb.com

Scholarships.com)

– Career Center

– Financial Aid Office at Gavilan

– Financial Aid website at Transfer School

– Specific Scholarships for Dreamers

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• Gavilan College Educational Foundation:– Various scholarships.– Due Date: Spring – most due March 13, 2015

• Gavilan Scholarships & additional scholarship information available at:– www.gavilan.edu/finaid/ – New Gavilan scholarship program will launch

on December 1, 2015

Gavilan College Scholarships

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• FAFSA Application -US Citizens and Permanent Residents:– Online at: www.fafsa.ed.gov

• Cal Dream Act Application – AB540 (Dreamers):– Online at: https://dream.csac.ca.gov/

• Students and Parents Information Needed:– Income (Federal Taxes)– Current Value of Assets – # of Family Members and # attending college

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Eligibility for Federal Student Aid

• U.S. citizen/eligible non-citizen• Social Security Number• H.S. diploma, CHSPE, GED, Ability to Benefit

Test, ATB-C

• Financial need (Estimated Family Contribution)

• Selective Service (males only)• Degree or Certificate program

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Federal Student Aid Includes:

• GRANTS• WORK STUDY• LOANS

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Federal Pell Grant and Federal SEOG Grant

• Automatically considered for a Pell Grant.• Grant Award based on Estimated Family

Contribution:– Pell awards up to $5,775 per year (full time

enrollment).– SEOG awards vary from $100 to $4000 per

year depending on Financial Need

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National TEACH GrantThe TEACH Grant can help you pay for college if you plan to become a teacher in a high-need field in a low-income area.

Up to $4,000/year for 3rd & 4th year college students

Eligibility Requirements:

Must file FAFSA and be a Pell eligible US Citizen or Permanent Resident. 2015–16 TEACH Grant first disbursed before Oct. 1, 2016, the maximum award of $4,000 is reduced by 6.8 percent ($272), resulting in a maximum award of $3,728.

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Federal Work Study Grants

• Part-time job on or off campus.• Part of Financial Aid Package

• May work 12 - 24 hours per week, depending on college policy.

• Obtain experience in career-related field or community service.

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Federal Student Loans • Dept. Of Education oversees Student Loan Program• Must be repaid with interest and fees• Federal Direct Loan Program

• Current Interest rate for Undergraduates is 4.29%

• Maximum loan amounts for students:– 30+ units = $4,500 - $6,500 Dependent Students– 30+ units = $4,500 - $10,500 Independent Students– Parent Loans vary – Direct Parent Plus Loan Interest

rate is currently 6.84%

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State Aid (California)

• CAL GRANT A or CAL GRANT B

• STATE UNIVERSITY GRANTS

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Cal Grant A Transfer Entitlement

• Low-to-middle-income families• CC Reserve from High School = 3.0 GPA • Minimum Transfer GPA = 2.40 Community College • Completion of the Transfer Entitlement Verification

Form on Webgrants for Students:

https://mygrantinfo.csac.ca.gov/• Tuition/Fee Awards by institution:

– CSU: $5,472 – UC: $12,240– Independent: $9,084

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Cal Grant B

• Low-income families

• Minimum GPA = 2.40 or above at Community College

• Grant Amount: $1,656 (at either CC or university)PLUS

• Tuition/Fee Awards at Universities: – CSU: $5,472– UC: $12,240– Private/Independent: $9,084

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Cal Grant Income Ceilings 2016-17

Dependent Students and Independent Students with dependents other than a spouse:

Family Size Cal Grants: A Cal B 2 $81,300 $38,000 3 $83,300 $42,800 4 $90,500 $47,600 5 $97,000 $53,200 6 or more $104,600 $57,500

Cal Grant Income Ceilings 2016-2017

Independent Students Cal Grant A Cal Grant B

Single, No Dependents $33,200 $33,200

Married, No Dependents $38,000 $38,000

Additional Middle Class Scholarship:

Middle class tuition discounts from 10% to 30%. Eligible students whose families are making $100,000 to $150,000 per year. % Discount is income dependent.

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Cal Grant Program Asset Ceilings

All Cal Grant Programs

Dependent Students $70,000

Independent Students $33,300

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How to Apply for Cal Grants?

• Submit FAFSA or Dream Act by March 2nd – Or Complete GPA Form: Name, SSN, address, &

signature. Take form to Admissions to certify GPA and mail to CSAC before March 2.

– Gavilan sends electronic GPA for all students who have completed 18+ units before March 2

– Update Webgrants account to school of enrollment

Check with Financial Aid Office at your school to see if you are on their roster!

Understanding Your Award Letter

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• Sample Award Letter

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Understanding Your Award LetterSchools offer an appeal process for Financial Aid. This is called a Request for Professional Judgment. If you or your family’s financial situation has changed due to divorce, death, illness or unemployment, you should consider this option.

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Any Questions?

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Contact Information

Denise Apuzzo

Gavilan College

Financial Aid Office

(408) 848-4763

Email: dapuzzo@gavilan.edu